More "information" from the Koch brother funded Cato Institute. The
author talks at great length about the "theory" of saving money by
having a high deductible for Medicare, but gives no examples of programs that
work using his theory.Does he expect my 89 year old mother to save money
by choosing the low priced meds for her high blood pressure? Should Mom save on
her deductible by diagnosing her own dizziness as the car ride, and not a
stroke. Come on get serious, medical savings for the elderly has to take place
on the institutional level, other countries can do, and so can we.The
right wind of this country simply lacks the will to stand up to insurance
companies, pharmaceutical companies and the AMA.
If it's insurance let it be so in the future. Voluntary insurance, with
voluntary contributions, with stated terms, easily understood and easily
available with no surprises in the billing. The best insurance of course is to
honestly study the causes of diseases and to do and not do those things which
will prevent them. That would postpone or prevent many of the major causes of
death by stupidity.
And when the senior ran out of money? Which would happen for most senior
anywhere from the first month of reitrement through the first couple of years.
Most seniors retire with no more than $50,000 dollars in the bank. Remember
here we're not talking about just the lucky few who had great careers
we're talking everyone. The bank teller, the backhoe operator, the sales
clerk, the widowed homemaker. Mr. Mirons' plan is simply a modern version
of putting the old out on a ice float when they can't contibute anymore.
The very concept of being able to insure basic health care, let alone larger
catastrophic health costs, is absurd. It would be like asking the automobile
insurance industry to cover us all after we told them we guarantee that we will
all crash our cars at some point. We need to remove the concept of insurance
entirely from the system, and provide care, not insurance, for all. Medicare can
disappear. As a nation we pay enough now to make this work and save money.
How about means testing and removing the cap on income that limits contributions
for those who rake in oodles of income?
As usual, the Cato Institute proves it hasn't the faintest clue about what
actually happens in the real world. Anyone with aging parents knows how
preposterous, and how cruel, this proposal actually is.
Re:one old manActually, unlike Social Security, there is no salary cap for
Medicare. Read an interesting article in Newsweek a few days ago
about the high costs of some newer treatments/drugs for cancer that may, on
average, only lengthen life 3-4mons. As people gravitate to these types of
treatment it can greatly increase healthcare costs.Insurance
companies would love to sell more "catastrophic-type" policies. Just
like with car/home insurance one could pay hundreds/thousands per year for many
years and never use it. Wendell Potter, the Cigna executive resigned his job
because he viewed these types policies as amoral.